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JPMorgan Chase & Co Add to portfolio

INX:JPM, Apr 25, 02:31 UTC

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Tuesday, April 23


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JPMorgan Raises WWE's Price Target, Bullish On 'Smackdown' Future

JPM

World Wrestling Entertainment, Inc. (NYSE: WWE) has been red hot in the past year on optimism about the company’s global TV content deals. Despite the stock’s 150-percent gain in the past year, one Wall Street analyst said it’s too early to get off the WWE train. WWE has a string of bullish near-term catalysts ahead, including TV deals in India, the U.K., the Middle East, Latin America and China. Karnovsky estimates WWE will begin generating $25 million per year in revenue from a third hour of weekly “SmackDown” content starting in 2020.

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Sunday, April 21


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Insider Buys Of The Week: Conagra, JPMorgan, Kinder Morgan

JPM CAG +1 more JPM CAG KMI

An executive board chair resumed his share buying this past week. Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. So insider buying can be an encouraging signal for potential investors, particularly with markets near all-time highs. The Kinder Morgan Inc (NYSE: KMI) executive chair of the board, Richard Kinder, has picked up more than 502,600 additional shares of this Houston-based energy infrastructure giant. The stock ended the past week at $30.52 per share, above the purchase price range noted above. While the consensus target was last seen at $33.63, the stock has traded as high as $39.43 in the past 52 weeks.

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Thursday, April 18


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How to Buy Goldman Sachs and JPMorgan Chase Stock on the Cheap

JPM GS

Goldman Sachs Group has some of the world’s greatest traders. Yet many of them failed to perform as well in the first quarter as individual investors who own low-cost exchange-traded funds. Some people might delight in Goldman’s (ticker: GS) difficulties, but schadenfreude is likely to be fleeting. When skilled traders struggle as the unsophisticated triumph, market tumult often follows.That’s... Goldman Sachs Group has some of the world’s greatest traders. Yet many of them failed to perform as well in the first quarter as individual investors who own low-cost exchange-traded funds. Some people might delight in Goldman’s (ticker: GS) difficulties, but schadenfreude is likely to be fleeting. When skilled traders struggle as the unsophisticated triumph, market tumult often follows. JPMorgan Chase (JPM), the Street’s other trading powerhouse, reported a 17% trading-revenue decline that reflected the difficulty of making money in a low-volatility market. If professional traders are in the know, buyers of low-fee ETFs are participants, perhaps unwittingly, in what might be the world’s largest behavioral-finance experiment. Back then, the Cboe Volatility Index, or VIX, rose 115% in a day and the S&P 500 index fell 4% as funds that made it easy for anyone to “short volatility” exploded. While it is difficult to time volatility-related selloffs, JPMorgan CEO Jamie Dimon warned in his recent shareholder letter that the fourth quarter’s market weakness “might be a harbinger of things to come,” citing investor uncertainty related to the Federal Reserve’s interest-rate policy; Germany’s slowing economy; Brexit; and the U.S.-China trade war. It is too easy to discount concerns about the market when stocks keep advancing and interest rates remain low. But what lurks below the surface looks disconcerting. Aside from problems with poor liquidity, U.S. stock demand remains driven largely by corporations buying back their own shares, not purchases by individual investors, Goldman’s portfolio strategists recently told clients. While first-quarter results suggest that Wall Street’s traders might now know as much as they should, it is also possible that their timing, not their knowledge, was an issue.

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Wednesday, April 17


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JPMorgan's Lake steps down as CFO effective May 1, will head consumer-lending platform

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JPMorgan Chase & Co.'s CFO Marianne Lake is scheduled to step down as the bank's top financial officer after about seven years in the role, effective May 1, the bank said in an internal memo Wednesday afternoon. The 50-year-old executive will be replaced as CFO by Jennifer Piepszak, JPMorgan's current CEO of card services. Lake was appointed CFO and member of the bank's operating committee back in 2012, and has been viewed by industry watchers (and still is) as a possible successor to CEO Jamie Dimon, when he steps down. Shares of JPMorgan, the nation's largest bank by market cap, finished Wednesday's session up 2.8% and have gained 17.1% so far this year, with that rise aided by better-than-expected results from the bank last week.

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JPMorgan Chase Appoints Jennifer Piepszak Chief Financial Officer; Marianne Lake Named Chief Executive Officer of Consumer Lending – Encompassing Card Services, Home Lending and Auto Finance

JPM

“Jennifer Piepszak is an enormously talented executive who has greatly strengthened the world-class Card Services business we have today,” said Jamie Dimon, CEO of the firm. They are truly exceptional talents who will not only build on our company’s successes, but also help us to accelerate our strong momentum in serving customers and communities in the future.”. As head of the Office of the CFO, Ms. Piepszak will report to Jamie Dimon and be responsible for a number of areas, including Finance & Business Management, the Chief Investment Office, and the Chief Administrative Office. JPMorgan Chase & Co. (JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

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JPMorgan shuffles CFO and card services executives

JPM

JPMorgan shuffles CFO and card services executives. ReutersApril 17, 2019, 9:00 PM GMT. NEW YORK (Reuters) - JPMorgan Chase & Co switched roles for two women executives on Wednesday, putting Chief Financial Officer Marianne Lake in charge of consumer lending and naming card services chief Jenn Piepszak to take Lake's place. The moves were announced in an internal memo from Chief Executive Officer Jamie Dimon and the bank's two co-presidents. Both women are 49 and the changes are effective on May 1. Dimon has a practice of moving executives into different positions to broaden their experience in the bank. What to read next.

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3 Impressive Numbers Behind JPMorgan's Earnings Beat

JPM

Of the large banks, JPMorgan Chase (NYSE: JPM) is thought to be among the best-run. And while it trades at a small premium to other large financial institutions, all of the major banks trade at very low valuations relative to the market. JPMorgan is no exception, currently trading at just 11.8 times earnings, in spite of a recent earnings report that beat analyst estimates handily. Common equity tier one capital (CET1) is a risk-weighted measurement of equity capital, measured according to the Basel III capital rules. Because JPMorgan is a systemically important financial institution, it has to retain a higher amount of capital than it did prior to the 2008 financial crisis and, because of its size, higher than most other banks. Last quarter, JPMorgan's CET1 ratio was 12.1%, higher than both the fourth quarter's 12% mark and the year-ago quarter's 11.8% mark. So even though the company's 19% was ROTCE was equal to that of the year-ago quarter, it earned those returns on a higher amount of capital, making the last quarter's profitability all the more impressive.

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Monday, April 15


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JPMorgan Chase to Present at the Deutsche Bank Global Financial Services Conference

JPM

JPMorgan Chase to Present at the Deutsche Bank Global Financial Services Conference. Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., will present at the Deutsche Bank Global Financial Services Conference at the InterContinental New York Barclay Hotel on Tuesday, May 28, 2019, at 8:30 a.m. (Eastern). JPMorgan Chase & Co. (JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.

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Saturday, April 13


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JPMorgan Chase (JPM) Q1 2019 Earnings Call Transcript

JPM

We saw record client investment assets in Consumer of over $300 billion and record new money flows this quarter. And double-digit growth in both Card sales and merchant processing volumes, up 10% and 13%, respectively. 1 rank and gained well over 100 basis points of share. And equity underwriting fees were down 23%, but in a market down more as the combination of the government shutdown, uncertainty around Brexit and residual impacts from December volatility weighed on issuance activity across the regions in the first quarter. But already in the second quarter, we've seen a major recovery in U.S. IPO volumes back to normalized levels, and we are benefiting from our leadership in the technology and healthcare sectors which again dominate the calendar. Equities revenue was down 13% adjusted, speaking more to the record prior-year quarter than this quarter's performance which was still generally strong across products. Although derivatives got off to a somewhat slower start, cash in particular nearly matched last year's exceptional result. I just -- I was hoping for a little bit more on the why. And to what degree does that reflect your buildout of branches? How is that deposit growth going? How much of this is related to digital banking? And then how much would be due to simply a perception that you have superior strength?

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